mbwm: the income statement

MyFinsight

For the quarter ending 2025-09-30.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Total noninterest expense	34,750	33,379	31,104	32,303
Income before federal income tax expense	27,440	25,962	24,046	24,556
Federal income tax expense	3,682	3,344	4,509	4,938
Net income	23,758	22,618	19,537	19,618

Average basic shares outstanding (in shares)	16,249,267	16,239,919	16,197,978	16,138,320
Average diluted shares outstanding (in shares)	16,249,267	16,239,919	16,197,978	16,138,320
Basic earnings per share (in dollars per share)	1.46	1.39	1.21	1.22
Diluted earnings per share (in dollars per share)	1.46	1.39	1.21	1.22